Airbus seeks EDC financing for AirAsia A220-300 deal
Updated
Updated · MarketWatch · May 8
Airbus seeks EDC financing for AirAsia A220-300 deal
17 articles · Updated · MarketWatch · May 8
Export Development Canada said talks concern support for deliveries of up to 150 Montreal-assembled jets from early 2028, in an order AirAsia values at $19 billion.
The state-backed lender did not say how much financing it may provide, but said it already finances Airbus aircraft and supports the company’s Canadian operations.
Prime Minister Mark Carney attended the order announcement, calling it the largest commercial aircraft order in Canadian history; Quebec holds 25% of Airbus’s Canadian A220 unit.
Is Canada's largest aircraft deal a triumph for its industry or a risky taxpayer-funded bet on a troubled European jet?
Is AirAsia’s historic $19 billion A220 order a calculated masterstroke or a massive gamble on a plane plagued by engine flaws?